KT (NYSE:KT) Stock Rating Lowered by StockNews.com

KT (NYSE:KT) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

KT Price Performance

Shares of NYSE KT opened at $16.56 on Wednesday. KT has a twelve month low of $12.10 and a twelve month high of $18.45. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average of $16.21 and a two-hundred day moving average of $15.23. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.38 and a beta of 0.95.

Institutional Trading of KT

A number of large investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC lifted its position in shares of KT by 3,915.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after acquiring an additional 4,464 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after purchasing an additional 2,902 shares during the last quarter. MML Investors Services LLC purchased a new stake in shares of KT during the third quarter valued at $160,000. Private Advisor Group LLC acquired a new position in shares of KT in the 3rd quarter valued at $164,000. Finally, Park Avenue Securities LLC purchased a new position in KT in the 4th quarter worth about $181,000. 18.86% of the stock is currently owned by institutional investors.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.